Tax increases may be necessary to rein in $12 trillion in federal debt, House Majority Leader Steny Hoyer (D-Md.) said Monday.Hoyer emphasized the need to reform Social Security and Medicare, but he also made it clear that raising taxes will have to be on the table.
“No one likes raising revenue, and understandably so,” Hoyer said in an address at the Brookings Institution. “But if you’re going to buy, you need to pay.
“If need be, I am hopeful that both parties will agree to look at revenues as part of the solution — not as a gateway to higher spending, but as part of a compromise that cuts spending and balances the budget,” he added.
Hoyer, a voice for centrists in the House leadership, said reining in record debt requires a combination of spending cuts and tax increases.
More tap-dancing here
[Editor's note: 'Spending cuts' are generally more effective when applied BEFORE the spending takes place, but I digress..]
9 comments:
I use Colgate.
HE AND PELOSKI are horrible people.
It's going to take pols. willing to risk election defeat to seriously tackle both spending (especially entitlements) and raising taxes. With so many people blindly following the "D"'s and the "R"'s, I doubt it will happen.
It's going to take pols. willing to risk election defeat to seriously tackle both spending (especially entitlements) and raising taxes. With so many people blindly following the "D"'s and the "R"'s, I doubt it will happen.
11:13 More irresponsible than a medicare drug program without taxs to pay for it?
Of course any election year bribe aimed at the senior vote is OK.
I really hope that Charles Lawlor whips Steny's patooty!
Why is there a post on this guy and not on the Senator, who happens to be Republican who is currently blocking the expansion of unemployment by talking out of both sides of his mouth?
Long story short, DON'T buy anything you can't pay for! That's what we "commoners" do.
Is he related to Jimmy Carter?
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